<p>[Edward</a> Jay Epstein: How Much Has Harvard Really Lost?](<a href=“HuffPost - Breaking News, U.S. and World News | HuffPost”>How Much Has Harvard Really Lost? | HuffPost Impact)
Edward Jay Epstein writes in the Huffington Post that according to a source close to HMC the value lost in the Endowment is atleast $18 Billion or 50%. Takes alot of guts to accept those bonuses when you know you have just lost $18 billion.</p>
<p>Harvard University’s admission that it lost $8 billion from its $36 billion endowment fund, as staggering as it sounds, may grossly underestimate the true magnitude of the loss between from July 1 through Oct. 31 2008. According to a source close the Harvard Management Corporation (HMC), which runs the fund for Harvard, the loss is closer to $18 billion if the losses on the fund’s illiquid investment are realistically appraised.</p>